VCEB vs. GRID
Compare and contrast key facts about Vanguard ESG U.S. Corporate Bond ETF (VCEB) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID).
VCEB and GRID are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCEB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Barclays MSCI US Corp SRI Select Index. It was launched on Sep 22, 2020. GRID is a passively managed fund by First Trust that tracks the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. It was launched on Nov 17, 2009. Both VCEB and GRID are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VCEB vs. GRID - Performance Comparison
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VCEB vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | -0.51% | 7.48% | 2.23% | 8.52% | -15.15% | -1.99% | 2.46% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 6.96% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 34.84% |
Returns By Period
In the year-to-date period, VCEB achieves a -0.51% return, which is significantly lower than GRID's 6.96% return.
VCEB
- 1D
- 0.51%
- 1M
- -1.85%
- YTD
- -0.51%
- 6M
- 0.08%
- 1Y
- 4.55%
- 3Y*
- 4.51%
- 5Y*
- 0.58%
- 10Y*
- —
GRID
- 1D
- 3.81%
- 1M
- -7.97%
- YTD
- 6.96%
- 6M
- 8.57%
- 1Y
- 46.12%
- 3Y*
- 20.12%
- 5Y*
- 14.69%
- 10Y*
- 18.08%
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VCEB vs. GRID - Expense Ratio Comparison
VCEB has a 0.12% expense ratio, which is lower than GRID's 0.70% expense ratio.
Return for Risk
VCEB vs. GRID — Risk / Return Rank
VCEB
GRID
VCEB vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG U.S. Corporate Bond ETF (VCEB) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VCEB | GRID | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 2.16 | -1.27 |
Sortino ratioReturn per unit of downside risk | 1.26 | 2.95 | -1.69 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 3.82 | -2.16 |
Martin ratioReturn relative to average drawdown | 5.24 | 14.42 | -9.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCEB | GRID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.16 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.71 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.52 | -0.50 |
Correlation
The correlation between VCEB and GRID is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VCEB vs. GRID - Dividend Comparison
VCEB's dividend yield for the trailing twelve months is around 4.64%, more than GRID's 0.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCEB Vanguard ESG U.S. Corporate Bond ETF | 4.64% | 4.57% | 4.47% | 3.70% | 2.84% | 1.69% | 0.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index | 0.92% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
Drawdowns
VCEB vs. GRID - Drawdown Comparison
The maximum VCEB drawdown since its inception was -21.60%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for VCEB and GRID.
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Drawdown Indicators
| VCEB | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.60% | -40.56% | +18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -11.73% | +8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.39% | -29.64% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.56% | — |
Current DrawdownCurrent decline from peak | -1.87% | -8.37% | +6.50% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -8.50% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 3.11% | -2.21% |
Volatility
VCEB vs. GRID - Volatility Comparison
The current volatility for Vanguard ESG U.S. Corporate Bond ETF (VCEB) is 2.14%, while First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) has a volatility of 9.26%. This indicates that VCEB experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCEB | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 9.26% | -7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 14.14% | -11.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 21.44% | -16.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.85% | 20.68% | -13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 22.74% | -16.02% |